District Judge Robert Drain’s ruling is an unusual step halting action in about 25 lawsuits brought by various states against Purdue and members of the Sackler family, which owns the company. The stay only lasts for three weeks to give the parties time to seek more financial information about the family's finances.
President Trump announced the progress during an Oval Office meeting with China’s vice premier, Liu He. Trade tensions between two of the world’s largest economies have escalated since last year, weighing on global growth.
On Friday, the judge will hear arguments over whether to take the unusual step of halting action in about 25 lawsuits brought by various states against Purdue and members of the Sackler family, which owns the company. In court, he has been sympathetic to that request.
U.S. and Chinese negotiators met Thursday amid rising hopes for a partial trade deal that would mark the first step back from a worsening dispute, but would leave the thorniest issues for future talks...